PLG advised Ajax Defense in its acquisition of 100% of the equity interests of Dayton, Ohio-based Sample Machining, Inc. (Bitec) and its affiliated entity, A3 Tec, LLC, in an all-cash transaction.
Bitec is a leading manufacturer of high-precision machined components and advanced composite lay-up parts for the aerospace and defense sectors. With more than four decades of experience serving prime contractors and Tier 1 suppliers, Bitec brings established technical expertise and long-standing industry relationships to Ajax Defense’s growing portfolio, which includes Louisville, Kentucky-based Whelan Machine.
Ajax Defense is a long-term investment holding company focused on acquiring and investing in U.S.-based aerospace and defense small businesses to strengthen critical supply chains and support the modernization of the defense industrial base.
The acquisition underscores Ajax Defense’s continued commitment to investing in advanced U.S. manufacturing capabilities in support of national defense priorities.
PLG handled all aspects of the M&A transaction, including M&A, corporate, regulatory, real estate, and government contracting matters. The PLG team was led by David Dargatis. Senwan Akhtar advised on real estate matters and supported the overall M&A transaction, Mike Mendelson advised on ITAR and other government contracting considerations, and Laurent Campo advised on M&A and general corporate matters and led the transaction closing.
